Canada: Cashew Nut Market Overview 2020

Cashew Nut Market Size in Canada

The revenue of the cashew nut market in Canada amounted to $X in 2018, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, cashew nut consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the cashew nut market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Cashew Nut Exports

Exports from Canada

Cashew nut exports from Canada amounted to X tonnes in 2018, approximately equating the previous year. Over the period under review, cashew nut exports, however, continue to indicate a temperate reduction. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, cashew nut exports stood at $X in 2018. Over the period under review, cashew nut exports, however, continue to indicate a deep decrease. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, cashew nut exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Viet Nam (X tonnes) was the main destination for cashew nut exports from Canada, accounting for a X% share of total exports. Moreover, cashew nut exports to Viet Nam exceeded the volume sent to the second major destination, the U.S. (X tonnes), fourfold. Trinidad and Tobago (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Viet Nam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Trinidad and Tobago (+X% per year).

In value terms, Viet Nam ($X) remains the key foreign market for cashew nut exports from Canada, comprising X% of total cashew nut exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Trinidad and Tobago, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Viet Nam amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Trinidad and Tobago (+X% per year).

Export Prices by Country

In 2018, the average cashew nut export price amounted to $X per tonne, lowering by -X% against the previous year. Over the period under review, the cashew nut export price continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Trinidad and Tobago ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam, while the prices for the other major destinations experienced a decline.

Cashew Nut Imports

Imports into Canada

Cashew nut imports into Canada totaled X tonnes in 2018, lowering by -X% against the previous year. Over the period under review, cashew nut imports continue to indicate a pronounced deduction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, cashew nut imports reached their maximum at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, cashew nut imports amounted to $X in 2018. Over the period under review, cashew nut imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

Viet Nam (X tonnes), Tanzania (X tonnes) and Ghana (X tonnes) were the main suppliers of cashew nut imports to Canada, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Tanzania (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Viet Nam ($X) constituted the largest supplier of cashew nut to Canada, comprising X% of total cashew nut imports. The second position in the ranking was occupied by Ghana ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Viet Nam stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (+X% per year) and Tanzania (+X% per year).

Import Prices by Country

The average cashew nut import price stood at $X per tonne in 2018, surging by X% against the previous year. In general, the import price indicated perceptible growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cashew nut import price decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Viet Nam ($X per tonne), while the price for Tanzania ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Tanzania (+X% per year), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform